Joint life and survivorship annuity

Joint life and survivorship annuity,

Definition of Joint life and survivorship annuity:

  1. Annuity that pays the same amount throughout the lifetime of two people (usually husband and wife) until the death of the survivor. See also joint life annuity and joint life and survivor annuity.

Meaning of Joint life and survivorship annuity & Joint life and survivorship annuity Definition